WisdomTree Enhanced Commodity Strategy ETF Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
WisdomTree Enhanced Commodity Strategy ETF price up 0.98% on Friday
(Updated on May 17, 2024)
The WisdomTree Enhanced Commodity Strategy ETF price gained 0.98% on the last trading day (Friday, 17th May 2024), rising from $19.31 to $19.50. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 1.45% from a day low at $19.27 to a day high of $19.55. The price has risen in 7 of the last 10 days and is up by 3.34% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 11 thousand shares were bought and sold for approximately $211.24 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the ETF is expected to rise 12.60% during the next 3 months and, with a 90% probability hold a price between $21.48 and $22.61 at the end of this 3-month period.
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GCC Signals & Forecast
There are mixed signals in the ETF today. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The WisdomTree Enhanced Commodity Strategy ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $19.18 and $19.15. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for WisdomTree Enhanced Commodity Strategy ETF
WisdomTree Enhanced Commodity Strategy finds support from accumulated volume at $19.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved $0.280 between high and low, or 1.45%. For the last week the ETF has had daily average volatility of 1.24%
Our recommended stop-loss: $18.83 (-3.42%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (GCC) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect WisdomTree Enhanced Commodity Strategy Fund to open at $19.44, and during the day (based on 14 day Average True Range), to move between $19.26 and $19.74, which gives a possible trading interval of +/-$0.236 (+/-1.21%) up or down from last closing price. If WisdomTree Enhanced Commodity Strategy Fund takes out the full calculated possible swing range there will be an estimated 2.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $19.31, some $0.190 (0.97%) from the current price of $19.50, our system finds the risk reward attractive.
Is WisdomTree Enhanced Commodity Strategy Fund ETF A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for WisdomTree Enhanced Commodity Strategy ETF to perform well in the short-term.
Current score: 4.915 Buy Candidate Unchanged
Predicted Opening Price for WisdomTree Enhanced Commodity Strategy Fund of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $19.44 ( 0.308%) | $19.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GCC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.72 | 1.13 % | |
| R2 | 19.61 | 0.580 % | ||
| R1 | 19.55 | 0.241 % | ||
| Current price: | 19.50 | |||
| Support | S1 | 19.33 | -0.86 % | |
| S2 | 19.27 | -1.20 % | ||
| S3 | 19.16 | -1.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 19.50 | |||
| Support | S1 | 19.31 | -0.97% | |
| S2 | 18.98 | -2.67% | ||
| S3 | 18.09 | -7.23% |
GCC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.225 | 1.32% |
| 2 | Dec 09, 2022 | Oct 25, 2023 | Oct 30, 2023 | $0.399 | 2.26% |
| 3 | Jan 07, 2022 | Dec 23, 2022 | Dec 29, 2022 | $0.0790 | 0.436% |
| 4 | Jan 07, 2022 | Oct 25, 2022 | Oct 28, 2022 | $4.02 | 22.38% |
| 5 | Oct 07, 2021 | Oct 08, 2021 | Oct 14, 2021 | $2.03 | 9.54% |
FAQ
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